Anand Rathi Wealth Q3FY25 Result Update

14 January 2025

• Financial Performance (Q3 FY25 vs Q3 FY24): The company delivered a strong financial performance in Q3 FY25, with total revenue increasing by 30.4% year-on-year (YoY) to ₹244.2 Cr from ₹187.3 Cr in Q3 FY24. This growth underscores robust business momentum and higher operational efficiencies. Profit Before Tax (PBT) registered a 33.6% YoY growth, rising to ₹104.2 Cr compared to ₹78.0 Cr in the same period last year. Similarly, Profit After Tax (PAT) grew by 34.0% to ₹77.3 Cr from ₹58.0 Cr, reflecting the company’s consistent profitability. Earnings Per Share (EPS) also saw a 33.8% YoY rise, reaching ₹18.6 compared to ₹13.9 in Q3 FY24. The company’s Assets Under Management (AUM) witnessed a remarkable 38.8% growth, reaching ₹76,402 Cr as of December 2024, compared to ₹55,057 Cr in December 2023.
  
  
• Operational Metrics (Q3 FY25 vs Q3 FY24): The company’s operational performance reflected strong growth across key metrics. Net inflows recorded a 18.5% YoY growth, amounting to ₹3,445 Cr in Q3 FY25, driven by increased client activity and asset allocation. Equity Mutual Fund net inflows rose by 39.4% YoY, totaling ₹2,715 Cr. Active client families increased by 18.5%, reaching 11,426 families as of December 2024, compared to 9,641 families in the previous year. The number of Relationship Managers (RMs) grew by 18.9%, totaling 383 in Q3 FY25 from 322 in Q3 FY24. Additionally, the share of equity mutual funds in AUM rose to 55%, up from 52% a year ago, reflecting a favorable asset mix shift.
  
  
• Strategic Developments: The Board of Directors announced a 1:1 bonus share allotment, reflecting the company’s commitment to rewarding shareholders. Over the past year, the company onboarded 1,785 new client families, demonstrating its ability to attract and retain high-net-worth clients. The client attrition rate remained exceptionally low at 0.28% for FY25. Subsidiaries contributed significantly, with Digital Wealth achieving an 18% YoY revenue growth to ₹22 Cr, and Omni Financial Advisors’ revenue increasing by 15% YoY to ₹5.7 Cr. These developments, coupled with a client-centric approach and market-focused strategy, position the company well for sustained long-term growth.